The Impact of Business Formalization on Economic Growth in Zimbabwe (1990-2020)
- Author
- Barara, Ashley R
- Title
- The Impact of Business Formalization on Economic Growth in Zimbabwe (1990-2020)
- Abstract
-
The research assess’ the impact of business formalization on economic growth in Zimbabwe
utilizing time series data for period 1990-2020. The effect of a composed business
formalization function; turnover for business registration, cost of formalization, timeframe for
formalization and incentives for formalization to Gross Domestic Product were assessed,
using the Ordinary Least Squares (OLS) regression technique (GDP= f(business
formalisation)).
The results suggest that timeframe for formalisation has a constraining effect on Growth
Domestic Product, whilst turnover for business formalization, cost of formalisation and
incentives for formalisation are found to have a positive impact on the growth of the
economy that is a rise of the gross domestic product. Ceteris paribus the impact of business
formalization was deemed positive to economic growth - Date
- 2023
- Publisher
- BUSE
- Keywords
- Business Formalization
- Supervisor
- N/A
- Item sets
- Department of Economics
Part of The Impact of Business Formalization on Economic Growth in Zimbabwe (1990-2020)